Bizjet Manufacturers Slam Political Climate, Call for Action

Bethany Whitfield

Monday, October 10, 2011 at 10:51 PM ET

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Key Takeaways:

Business aviation leaders at the NBAA convention expressed strong opposition to the Obama Administration's policies targeting the industry, citing proposals for user fees and changes to corporate aircraft depreciation rules.
Industry executives, including CEOs from Hawker Beechcraft and Gulfstream, argued that these proposals create market uncertainty, hinder sales, and impede job growth, deeming them irresponsible.
Specific concerns include a proposed $100 per flight fee and extending corporate aircraft depreciation from five to seven years, which have generated significant backlash and calls for industry advocacy for stable measures like long-term FAA funding.

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As business aviation leaders from around the world gathered in Las Vegas this week to kick off NBAA, one resounding theme echoed throughout the convention’s opening day: The Obama Administration’s relentless focus on bizav.

Several company executives took the opportunity to speak out against the administration’s suggestion that user fees and changes to corporate aircraft depreciation rules be implemented to help curb the country’s deficit.